Friday, October 9, 2009

City of Oshkosh 2010 Budget

Link to October 9 Oshkosh Northwestern article, "City budget includes no wage increases, no operating increases".

Excerpt: Oshkosh's proposed 2010 budget (not yet linked) does not increase operating costs or include raises for city workers and absorbs rising health insurance costs by using funds from the city's insurance reserve account, according to figures released Thursday.

Nonetheless, the budget increases total spending to $65.6 million in 2010 from $64.5 million in 2009, a 1.65 percent increase, to make up for fewer state and federal aid dollars that created a $1.2 million shortfall. To plug the gap, the budget calls for the tax rate to rise from $8.27 to $8.39 per $1,000 of assessed property value, a 1.94 percent increase.

Budget deliberations will take place over the next 6 weeks.

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